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How major US stock indexes fared Tuesday 5/2/2023

Por: ABC News Business May 03, 2023

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Stocks closed lower as shares of beleaguered banks tumbled again and worries about the economy worsened.The rising fear sent yields sinking in the bond market Tuesday, while Wall Street waited for the Federal Reserve’s latest move on interest rates and Washington edges closer to what would be a catastrophic default on U.S. government debt. The S&P 500 fell 1.2% Tuesday, and the Dow fell 367 points. Some of the sharpest drops came from smaller-... + full article



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